Lipe & Dalton purchased a new stake in shares of Lowe’s Companies, Inc. (NYSE:LOW) during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund purchased 450 shares of the home improvement retailer’s stock, valued at approximately $75,000.
Other institutional investors have also recently bought and sold shares of the company. HighMark Wealth Management LLC grew its stake in Lowe’s Companies by 272.1% during the 3rd quarter. HighMark Wealth Management LLC now owns 160 shares of the home improvement retailer’s stock valued at $28,000 after purchasing an additional 117 shares during the last quarter. PrairieView Partners LLC purchased a new stake in Lowe’s Companies during the 2nd quarter valued at about $26,000. Harel Insurance Investments & Financial Services Ltd. purchased a new stake in Lowe’s Companies during the 2nd quarter valued at about $26,000. Carolina Wealth Advisors LLC purchased a new stake in Lowe’s Companies during the 3rd quarter valued at about $33,000. Finally, Danda Trouve Investment Management Inc. grew its stake in Lowe’s Companies by 73.9% during the 3rd quarter. Danda Trouve Investment Management Inc. now owns 200 shares of the home improvement retailer’s stock valued at $33,000 after purchasing an additional 85 shares during the last quarter. Institutional investors and hedge funds own 74.63% of the company’s stock.
In other news, EVP Ross W. Mccanless sold 62,838 shares of the stock in a transaction on Wednesday, August 26th. The stock was sold at an average price of $168.33, for a total value of $10,577,520.54. Following the sale, the executive vice president now directly owns 72,967 shares in the company, valued at $12,282,535.11. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 0.07% of the stock is currently owned by company insiders.
Shares of NYSE LOW opened at $160.37 on Monday. The stock has a market cap of $119.48 billion, a P/E ratio of 21.02, a PEG ratio of 1.24 and a beta of 1.48. The company has a current ratio of 1.30, a quick ratio of 0.65 and a debt-to-equity ratio of 4.64. Lowe’s Companies, Inc. has a 12-month low of $60.00 and a 12-month high of $180.67. The business’s fifty day simple moving average is $167.13 and its 200-day simple moving average is $141.24.
Lowe’s Companies (NYSE:LOW) last announced its quarterly earnings data on Wednesday, August 19th. The home improvement retailer reported $3.75 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.95 by $0.80. The business had revenue of $27.30 billion for the quarter, compared to analysts’ expectations of $24.24 billion. Lowe’s Companies had a return on equity of 228.17% and a net margin of 7.12%. The company’s revenue for the quarter was up 30.1% compared to the same quarter last year. During the same period last year, the firm earned $2.15 earnings per share. On average, equities analysts forecast that Lowe’s Companies, Inc. will post 8.51 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 4th. Stockholders of record on Wednesday, October 21st will be paid a $0.60 dividend. This is a boost from Lowe’s Companies’s previous quarterly dividend of $0.55. This represents a $2.40 annualized dividend and a dividend yield of 1.50%. The ex-dividend date of this dividend is Tuesday, October 20th. Lowe’s Companies’s dividend payout ratio (DPR) is presently 41.96%.
A number of analysts have recently commented on LOW shares. The Goldman Sachs Group upped their target price on Lowe’s Companies from $149.00 to $176.00 and gave the stock a “buy” rating in a research note on Thursday, August 20th. Royal Bank of Canada increased their price target on Lowe’s Companies from $165.00 to $188.00 and gave the company an “outperform” rating in a report on Thursday, August 20th. KeyCorp increased their price target on Lowe’s Companies from $180.00 to $200.00 and gave the company an “overweight” rating in a report on Wednesday, October 21st. DA Davidson increased their price target on Lowe’s Companies from $180.00 to $185.00 in a report on Thursday, August 20th. Finally, Loop Capital increased their price target on Lowe’s Companies from $180.00 to $195.00 and gave the company a “buy” rating in a report on Wednesday, September 23rd. They noted that the move was a valuation call. Four investment analysts have rated the stock with a hold rating, twenty-seven have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average price target of $169.16.
Lowe’s Companies Profile
Lowe’s Companies, Inc, together with its subsidiaries, operates as a home improvement retailer in the United States, Canada, and Mexico. The company offers a line of products for construction, maintenance, repair, remodeling, and decorating. It provides home improvement products in various categories, such as appliances, dÃ©cor, paint, hardware, millwork, lawn and garden, lighting, lumber and building materials, flooring, kitchens and bath, rough plumbing and electrical, seasonal and outdoor living, and tools.
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